Titan Company Ends FY25 with a Strong Quarter – 25% Growth in Q4

Titan Company Limited, a part of the Tata Group, ended the financial year 2024-25 (FY25) on a high note with approximately 25% year-on-year (YoY) growth in Q4 and 21% growth for the full year. The company witnessed robust performance across key consumer-facing segments, including jewellery, watches, eyewear, fragrances, and fashion accessories.

Retail Network Expansion

Titan’s retail presence expanded significantly with a net addition of 72 stores during Q4 FY25, bringing its total network to 3,312 stores. The aggressive retail strategy, both domestically and internationally, played a crucial role in sustaining and accelerating consumer engagement.

Jewellery Segment Drives Growth

The jewellery division, which includes Tanishq, Mia, and Caratlane, saw a strong YoY growth of 25% in Q4. The domestic jewellery operations alone posted a 24% YoY growth, driven by:

• Surge in gold prices, which encouraged high-value purchases.

• Plain gold jewellery grew around 27% YoY, and gold coins sales increased by 65% YoY, suggesting gold’s continued appeal as both ornament and investment.

• Studded jewellery posted low double-digit growth, and the Solitaire segment saw positive growth in both volume and value.

However, high gold prices also resulted in slower consumer demand at lower price points, which was offset by increased ticket sizes at the premium end.

The company also pushed international expansion by opening new Tanishq stores in Sharjah, Atlanta, and Seattle. Domestically, it added 16 new jewellery stores, with 4 under Tanishq and 12 under Mia.

Watches Business Continues Momentum

The watches segment saw a YoY growth of approximately 20% in Q4 FY25. Key highlights include:

• Analog watches, particularly brands like Titan, Fastrack, and Sonata, recorded 18% YoY growth.

• Retail channels such as Titan World, Helios, and Fastrack experienced double-digit growth, with Helios leading among them due to increasing demand for premium offerings.

• The division added 41 new stores in Q4, including:

  • 20 Titan World stores

  • 10 Helios stores

  • 11 Fastrack stores

This robust growth reflects increased consumer preference for stylish, value-based, and branded timepieces.

Eyewear Sees Steady Double-Digit Growth

Titan's EyeCare division (mainly Titan Eyeplus) posted c.18% YoY growth, supported by:

• A rise in both revenues and buyer numbers

• Strong performance from international brands under the multi-brand format

• Growth in e-commerce, especially for sunglasses and affordable fashion accessories

Titan Eye+ also expanded its global footprint with 2 stores in the UAE (Sharjah and Dubai). In India, however, the division closed 11 stores during Q4.

Emerging Businesses Show Mixed Results

Titan’s Emerging Businesses division saw varied performances:

• Fragrances segment recorded c.26% YoY growth

• Fashion accessories saw c.12% YoY growth

• Taneira (ethnic wear brand) faced a minor decline of 4% YoY

Titan piloted its first 'SKINN' experiential store in Seawoods, Mumbai, and its handbag brand 'IRTH' opened 4 new stores in major Indian cities – Hyderabad, Pune, Noida, and Mumbai.

Taneira, however, closed one store in Q4 due to optimization.

CaratLane Continues to Impress

Caratlane, Titan’s omni-channel jewellery brand, grew c.22% YoY in Q4, supported by:

• Strong performance in the studded jewellery portfolio

• Mid-single-digit buyer growth

• Like-to-like growth (L2L) of approximately 11%

The brand added 17 new domestic stores during the quarter, indicating continued demand in the digital and offline jewellery space.

Provisional Financials Ahead of Audit

The company emphasized that the quarterly figures reported are provisional and unaudited. The final numbers will be confirmed after the statutory audit by Titan’s appointed auditors.

Conclusion

Titan Company Limited’s Q4 FY25 update indicates a very healthy and broad-based performance across multiple consumer categories. With:

• Strong growth in jewellery and watches

• Retail network expansion

• International market entry

• Digitally driven growth in emerging categories

Titan is not only maintaining but also diversifying its leadership in the Indian lifestyle and retail segment.

As a Tata Group flagship, Titan’s success highlights India’s strong consumer sentiment, especially in branded lifestyle products, even amidst macroeconomic uncertainties like high gold prices.

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